OKCoin showed 15k BTC price due to bug

One of the last Chinese cryptocurrency exchange showed the $15 000 Bitcoin price and drop offline
16 November 2017   668

Yesterday, November 15, due to a technical issue on the platform, the large Chinese cryptocurrency exchange OKCoin began to show the bitcoin price of $ 15,151, after which it went offline. The corresponding screenshots were made by some Twitter users.

CryptoCompare noted that OKCoin got in the break of the space time continuum. 

At the moment of press, OKCoin is online again. Team released official statement regarding this issue.

We sincerely apologise to all OKCoin Users. In response to the inconvenience caused, We would free all trading fees in OKCoin.com from Nov 17 to Nov 24.

OKCoin Team

Well, no trading fees for such long period of time is a great compesation to all users. We hope that OKCoin Team won't face any issues in the future.

Crypto Billionaire to Lost 5.5k BTC Due to Fraud

Thai scammers convinced 22 yo Finnish crypto billionaire to invest in their 'investment' scheme
13 August 2018   277

The 22-year-old cryptocurrency millionaire lost more than 5,500 bitcoins after taking part in the investment scheme in Thailand. The case attracted public attention because of the possible participation of a Thai actor. This is reported by Bangkok Post.

A group of scammers in June 2017 persuaded Finnish businessman Aarni Otawa Saarimaa to invest in several Thai securities, a casino in Macau and a crypto currency called Dragon Coin.

Scammers claimed that Dragon Coin could be used in Macau casinos. In addition, they brought Saarimaa to this casino to demonstrate the legitimacy of their project. Saarimaa transferred 5 564 BTC to fraudsters.

In January, without receiving any income for his investments, Saarimaa filed a complaint with the Crime Suppression Division's (CSD), along with his local business partner, who believed that this investment scheme was fraudulent.

CSD began to investigate the case and stated that the group made no investment for Saarimaa, instead transferring all the bitcoins to Thai baht and placing these funds on seven bank accounts.

Although it is not clear when exactly the scammers sold the bitcoins, CSD announced that they raised about 800 million baht or about 24 million dollars.

Then followed a months-long investigation, according to which CSD began to suspect that the Thai film actor Jiratkisit "Boom" Jaravijit also took part in the fraudulent scheme - he was arrested last Wednesday.

In addition, the CSD stated that it suspects the actor's brother, Princess Jaravijit, as the "instigator" of this entire scheme. He left Thailand, traveling to South Korea, and then to the United States. According to the Bangkok Post, CSD is currently working with the US to track him down.